The Container Store Group, Inc. (NYSE:TCS) Sees Significant Drop in Short Interest

The Container Store Group, Inc. (NYSE:TCS) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 479,000 shares, a decrease of 15.2% from the March 31st total of 565,000 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily volume of 337,500 shares, the short-interest ratio is currently 1.4 days.

The Container Store Group Stock Performance

Shares of NYSE TCS opened at $0.87 on Monday. The Container Store Group has a 12-month low of $0.85 and a 12-month high of $3.71. The company has a current ratio of 1.21, a quick ratio of 0.37 and a debt-to-equity ratio of 0.80. The company has a market cap of $44.65 million, a PE ratio of -0.18 and a beta of 1.13. The stock has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $1.61.

The Container Store Group (NYSE:TCS) last announced its quarterly earnings results on Tuesday, February 6th. The specialty retailer reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.03. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $214.06 million. The Container Store Group had a negative return on equity of 2.08% and a negative net margin of 25.64%. On average, equities research analysts forecast that The Container Store Group will post -0.35 EPS for the current year.

Hedge Funds Weigh In On The Container Store Group

Several large investors have recently bought and sold shares of TCS. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of The Container Store Group in the 3rd quarter worth $77,000. Barclays PLC raised its position in The Container Store Group by 68.0% in the third quarter. Barclays PLC now owns 111,109 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 44,976 shares in the last quarter. First Eagle Investment Management LLC lifted its holdings in The Container Store Group by 19.1% in the 3rd quarter. First Eagle Investment Management LLC now owns 802,407 shares of the specialty retailer’s stock valued at $1,805,000 after acquiring an additional 128,935 shares during the last quarter. Platform Technology Partners bought a new position in shares of The Container Store Group during the 3rd quarter valued at about $47,000. Finally, Glendon Capital Management LP grew its stake in shares of The Container Store Group by 152.0% in the 3rd quarter. Glendon Capital Management LP now owns 3,538,846 shares of the specialty retailer’s stock worth $7,962,000 after purchasing an additional 2,134,606 shares during the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.

About The Container Store Group

The Container Store Group, Inc operates as a specialty retailer of organizing solutions, custom spaces, and in-home organizing services in the United States. The company operates in two segments, The Container Store and Elfa. Its stores provide custom space offerings; countertop organizers, cosmetic and jewelry organizers, shower and bathtub organizers, drawer organization, and cabinet storage products; closets; and ventilated and solid shelving and drawer components and systems, wall and door rack solutions, accessories, utility and garage systems, and sliding doors.